XVI Management of Energy Resource Master

The evolution of the global energy scenario

and its impacts on environmental policies

A. Gilotti

Rome March 20th 2015

The world economy is growing, recovering from the economic and financial crisis experienced in the period 2009-2013. Oil Products will remain the main source of fueling in the Transportation sector

WORLD ECONOMIC TRENDS

2

Source: EIA – USA Department of Energy

GDP trend World total energy demand trend

Source: IEA – International Energy Agency – World Energy Outlook 2014

Source: European Commission - EU Energy, Transport &GHG emission trend to 2050 – Reference Scenario 2013

European Union total energy demand trend

Source: European Commission - EU Energy, Transport &GHG emission trend to 2050 – Reference Scenario 2013

EU energy demand trend for transportation

84%

3

3

Kuwait is a constitutional monarchy with a parliamentary system of government. The head of the State is the Emir Sabah al-Ahmad al-Jaber Al Sabah who appoints the Prime Minister

The surface of the Country (17.818 km2) is smaller than Lombardy, but GDP per capita is higher than Italy’s

Primary source of wealth of the emirate is the export of crude oil. Forbes has listed Kuwait as the 2nd richest oil country, after Qatar**

-------------------------------- GDP Growth: 2.3% GDP/Capita: $ 42,100 Trade Balance: 38.5% Population: 4.1 M Unemployment: 3.4% Inflation: 2.8%

The State of Kuwait is one of the main holder of oil reserves. In the world ranks 6th after Venezuela, Saudi Arabia, Canada, Iran and Iraq and 8th for crude yearly production . Current production capacity is 3.1*million barrels per day, with a forecasted increase up to 4.0 million in 2020

Kuwait and KPC role

Kuwait Petroleum Corporation is a big multinational NOC not only committed in Kuwait but also to international downstream activities through Kuwait Petroleum International. Building on the experience in downstream European markets, considering the rapid future growth expected in the Asian markets,

KPI plans to expand in some

Asian markets. KPC Family

Kuwait Oil Company

Kuwait Gulf Oil Company

Oil Development Company

Oil Services Company

Kuwait National Petroleum Company

Kuwait Aviation Fuelling Company

Petrochemical Industries Company

Kuwait Oil Tanker Company

Kuwait Foreign Petroleum Exploration Company

Kuwait Petroleum International (Q8)

About Kuwait Petroleum Italia

4

Over last 30 years, Kuwait has invested in Italy 4 $Billions, making KP Italy a strong marketer with nationwide integration from refining to end consumers

Milazzo

50% Joint Venture with ENI

Integrated S&D system

strengthened by Naples, Sigemi & Trieste

2nd Market player in both Retail & Direct:

- 17% Retail market share

- 3.500 Sites

- 1.300 COCO

- 14% Direct market share

Refining Supply & Distribution Marketing

5

SOCIAL ECONOMY

SUSTAINABILITY

ENVIRONMENT

Sustainability is strategic trust for Q8

Q8’s success is based on key strengths that, combined with

an ethical corporate social responsibility approach,

represent real qualifying features of the company

Thank you for your attention.